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China Evergrande Faces Liquidation as Court Appoints Provisional Liquidators

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China Evergrande,Liquidation,Property Company

Hong Kong’s High Court appoints provisional liquidators to oversee the liquidation of China Evergrande, the world’s most indebted property company, after it fails to come up with a restructuring plan.

On Monday, Hong Kong’s High Court finally appointed provisional liquidators to oversee the liquidation of China Evergrande, the world’s most indebted property company. This comes after the company failed to come up with a restructuring plan.

Evergrande first defaulted on its debts in 2021 and has since struggled to reach an agreement with its creditors and mainland authorities.

 

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